News
Inflation Report Points to Another BoC Rate Cut
Higher-than-expected inflation in September will not prevent the Bank of Canada from introducing another interest-rate cut next week, say leading economists. Statistics Canada reported Tuesday that the Consumer Price Index rose 2.4% year-over-year in September, higher than a projected 2.2% increase. But economists note that inflation remains within the BoC’s target range and contend that...
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Essex Three-Twelve Closes Lincoln Park Multifamily Sale
Essex Three-Twelve, LLC completed the sale of 2525 North Orchard Street, a six-unit multifamily property located in Lincoln Park. Essex Three-Twelve facilitated a marketing campaign that resulted in multiple offers, and the property sold for $2.9 million. The property was recently renovated and includes floor plans with separate living and dining areas. 2525 N. Orchard...
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PACE Loan Group’s Loren Biller: C-PACE Loans “Solve Problems”
Commercial real estate investment sale volume has increased in the past few months, yet a gap remains between buyer and seller pricing expectations. The continuing bid/ask spread is just one of the hurdles that dealmakers face in completing transactions, as you’ll hear during the “Opportunistic Capital: Financing & Deals Crossing the Finish Line” discussion at...
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Mansfield Mixed-Use Development Underway
Nack Development is planning Water Mill Square in Mansfield’s downtown, about 20 miles southeast of Fort Worth. The plan includes 80,000 square feet of commercial space along with apartments and townhomes across a 4-acre block on West Main and South Broad Street. The Dallas Business Journal reports demolition of existing buildings has begun and construction...
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Stong’s Opens New Supermarket in Surrey’s City Centre District
Stong’s Market has opened a new grocery store and flower shop in Lark Group’s City Centre 4 (CC4) mixed-use building in Surrey, B.C. The grocery chain’s floral division, STEMS, has also opened a new location that will operate as a stand-alone site within CC4, which is part of the Lark Group’s Health and Technology District...
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High Street Starts Work on Sandy Springs Apartments, Retail
High Street Residential (HSR) alongside partner Third & Urban have broken ground on Hillcrest, an 8.1-acre mixed-use community in Sandy Springs, Georgia. Hillcrest will feature 362 apartment units, 30 for-rent townhomes, and over 19,000 square feet of retail space integrated with a central greenspace plaza. All portions of the project are expected to be delivered...
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JV Closes on Land for $1B Coconut Creek Project
A joint venture between Rosemurgy Properties, 13th Floor Homes, Schmier Property Group and Giles Capital Group paid $68 million for 170 acres in South Florida’s Coconut Creek for the development of Mainstreet, a mixed-use community. The projected build-out value is expected to exceed $1 billion. Mainstreet will encompass 12 development blocks. Plans for the multi-phase project include approximately 80,000 square...
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Terra Delivers 470 Apartment Units in Centro City
Terra delivered Centro City Residences – part of the first phase of Centro City, a 38-acre mixed-use development in Miami’s West Little Havana neighborhood. Located at 3830 NW 11th Street, the Arquitectonica-designed multifamily development comprises three 8-story buildings offering a total of 470 market-rate apartments. Terra recently secured $291 million in permanent financing for the project. Centro City...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout